The global security and investigation industry continues to experience growth fuelled by increased awareness of safety concerns and consumers' willingness to spend on solutions. With nearly 6,000 companies and 180,000 employees providing these types of services, Germany is one of the most significant European markets in this filed.
According to a Kryptoszene.de research based on data of Statista, the German security and investigation industry reached 9.2 billion [euro] in revenue in 2019 with an annual growth of 2.9% between 2018 and 2019.
Private Security Activities Generate More than 80 Percent of the Overall Industry Revenue.
In 2011, the German security and investigation industry reached 5.3 billion [euro] value and continued expanding in the following years. The statistics demonstrate that industry revenue grew at a compound annual growth rate (CAGR) of 7.9 percent between 2011 and 2018, to reach 9.2 billion [euro] value in 2019.
Private security actions generated the most significant part of that amount, or 8.4 billion [euro]. Another lucrative source of profit on the German market is security systems service activities, which...